CAD/SEK - 1H - Technical analysis published on 04/25/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 6.8991 SEK
My targets
6.9716 SEK (+0.0299)
6.9986 SEK (+0.0569)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on CAD/SEK as long as the price remains well above 6.8991 SEK. The buyers' bullish objective is set at 6.9716 SEK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 6.9986 SEK. If there is any crossing, the next objective would be the resistance located at 7.0696 SEK. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.1
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CAD/SEK rating 6.9417 SEK. On the day, this instrument lost -0.01% and was traded between 6.9374 SEK and 6.9478 SEK over the period. The price is currently at +0.06% from its lowest and -0.09% from its highest.6.9374
6.9478
6.9417
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CAD/SEK chart shows a bullish trend. 64.29% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, 11 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.8688 | 6.8991 | 6.9378 | 6.9417 | 6.9716 | 6.9986 | 7.0696 |
| Change (%) | -1.05% | -0.61% | -0.06% | - | +0.43% | +0.82% | +1.84% |
| Change | -0.0729 | -0.0426 | -0.0039 | - | +0.0299 | +0.0569 | +0.1279 |
| Level | Minor | Intermediate | Major | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.8060 | 6.8525 | 6.8976 | 6.9441 | 6.9892 | 7.0357 | 7.0808 |
| Camarilla | 6.9174 | 6.9258 | 6.9342 | 6.9426 | 6.9510 | 6.9594 | 6.9678 |
| Woodie | 6.8052 | 6.8522 | 6.8968 | 6.9438 | 6.9884 | 7.0354 | 7.0800 |
| Fibonacci | 6.8525 | 6.8875 | 6.9091 | 6.9441 | 6.9791 | 7.0007 | 7.0357 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.7185 | 6.8257 | 6.8884 | 6.9956 | 7.0583 | 7.1655 | 7.2282 |
| Camarilla | 6.9045 | 6.9201 | 6.9356 | 6.9512 | 6.9668 | 6.9824 | 6.9979 |
| Woodie | 6.6964 | 6.8146 | 6.8663 | 6.9845 | 7.0362 | 7.1544 | 7.2061 |
| Fibonacci | 6.8257 | 6.8906 | 6.9307 | 6.9956 | 7.0605 | 7.1006 | 7.1655 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.2290 | 6.5656 | 6.7723 | 7.1089 | 7.3156 | 7.6522 | 7.8589 |
| Camarilla | 6.8296 | 6.8794 | 6.9292 | 6.9790 | 7.0288 | 7.0786 | 7.1284 |
| Woodie | 6.1641 | 6.5331 | 6.7074 | 7.0764 | 7.2507 | 7.6197 | 7.7940 |
| Fibonacci | 6.5656 | 6.7731 | 6.9014 | 7.1089 | 7.3164 | 7.4447 | 7.6522 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 52.17 | |
| MACD (12,26,9): | -0.0036 | |
| Directional Movement: | -3.0754 | |
| AROON (14): | 71.4286 | |
| DEMA (21): | 6.9324 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.9158 | |
| Elder Ray (13): | 0.0048 | |
| Super Trend (3,10): | 6.9705 | |
| Zig ZAG (10): | 6.9415 | |
| VORTEX (21): | 0.8635 | |
| Stochastique (14,3,5): | 87.89 | |
| TEMA (21): | 6.9291 | |
| Williams %R (14): | -12.53 | |
| Chande Momentum Oscillator (20): | 0.0233 | |
| Repulse (5,40,3): | 0.1198 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0144 | |
| Courbe Coppock: | 0.05 |
| MA7: | 6.9449 | |
| MA20: | 6.9963 | |
| MA50: | 7.1197 | |
| MA100: | 7.4017 | |
| MAexp7: | 6.9364 | |
| MAexp20: | 6.9378 | |
| MAexp50: | 6.9397 | |
| MAexp100: | 6.9420 | |
| Price / MA7: | -0.05% | |
| Price / MA20: | -0.78% | |
| Price / MA50: | -2.50% | |
| Price / MA100: | -6.21% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | +0.03% | |
| Price / MAexp100: | +0.00% |
Quotes :
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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